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Makalot 10-Month Revenue Rises 15% YoY; Analysts Bullish on Inventory Rebound
Consumer Non-Durables · Apparel/Footwear · economic_daily · 2026-11-04
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Makalot Industrial reported a 15.1% year-on-year revenue increase for October, driven by low client inventory levels and a higher mix of high-margin short-term orders.
What Happened
Revenue Performance: Makalot Industrial reported a 15.1% year-on-year increase in October revenue, marking the second consecutive month of double-digit growth. Despite a 16.4% month-on-month decline, the results align with market expectations and demonstrate resilient order intake.
Operational Drivers: Analysts highlight that low client inventory levels and an increase in high-margin short-term orders, now exceeding 15% of the mix, are key growth drivers. The company is expected to see low single-digit volume growth in Q4, with average selling prices (ASP) projected to rise by 5% to 7%.
Earnings Outlook: Institutional investors remain bullish on Makalot, forecasting earnings per share (EPS) of NT$15.2 for 2026 and NT$17.1 for 2027. As market uncertainties subside, the anticipated restocking cycle from clients is expected to further bolster both revenue and profitability.
Future Growth: Despite ongoing geopolitical tensions, the company maintains positive order visibility and expects double-digit revenue growth for the coming year. Makalot continues to optimize its product mix to navigate market volatility and sustain long-term profitability.